Ceredex Value Advisors LLC boosted its position in Cypress Semiconductor Co. (NASDAQ:CY) by 26.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,148,800 shares of the semiconductor company’s stock after buying an additional 1,063,300 shares during the period. Ceredex Value Advisors LLC owned approximately 1.42% of Cypress Semiconductor worth $66,059,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Bank of Montreal Can lifted its holdings in Cypress Semiconductor by 121.6% in the 3rd quarter. Bank of Montreal Can now owns 100,181 shares of the semiconductor company’s stock valued at $1,451,000 after purchasing an additional 54,974 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD purchased a new position in Cypress Semiconductor in the 3rd quarter valued at about $792,000. State of New Jersey Common Pension Fund D lifted its holdings in Cypress Semiconductor by 33.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 2,000,250 shares of the semiconductor company’s stock valued at $28,984,000 after purchasing an additional 500,000 shares in the last quarter. Raymond James Trust N.A. purchased a new position in Cypress Semiconductor in the 3rd quarter valued at about $151,000. Finally, Highland Capital Management LLC lifted its holdings in Cypress Semiconductor by 142.2% in the 3rd quarter. Highland Capital Management LLC now owns 78,479 shares of the semiconductor company’s stock valued at $1,137,000 after purchasing an additional 46,082 shares in the last quarter. 83.13% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently issued reports on CY shares. Barclays dropped their target price on shares of Cypress Semiconductor from $18.00 to $16.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 23rd. BidaskClub raised shares of Cypress Semiconductor from a “hold” rating to a “buy” rating in a research report on Saturday, February 9th. SunTrust Banks dropped their target price on shares of Cypress Semiconductor to $13.50 and set a “hold” rating for the company in a research report on Friday, October 26th. Cowen dropped their target price on shares of Cypress Semiconductor from $21.00 to $18.00 and set an “outperform” rating for the company in a research report on Tuesday, October 23rd. Finally, Piper Jaffray Companies set a $15.00 target price on shares of Cypress Semiconductor and gave the stock a “buy” rating in a research report on Friday, October 26th. Three analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $17.45.

Shares of CY opened at $15.66 on Thursday. Cypress Semiconductor Co. has a 12-month low of $11.75 and a 12-month high of $18.87. The firm has a market cap of $5.64 billion, a P/E ratio of 13.50, a PEG ratio of 1.73 and a beta of 1.85. The company has a current ratio of 1.30, a quick ratio of 0.89 and a debt-to-equity ratio of 0.41.

Cypress Semiconductor (NASDAQ:CY) last announced its quarterly earnings data on Thursday, January 31st. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.03. Cypress Semiconductor had a return on equity of 22.01% and a net margin of 14.28%. The firm had revenue of $604.47 million for the quarter, compared to analysts’ expectations of $598.72 million. As a group, analysts predict that Cypress Semiconductor Co. will post 0.85 EPS for the current fiscal year.

In other Cypress Semiconductor news, CEO Hassane El-Khoury sold 4,300 shares of the stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $13.00, for a total value of $55,900.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Sudhir Gopalswamy sold 3,000 shares of the stock in a transaction on Friday, November 16th. The stock was sold at an average price of $14.00, for a total value of $42,000.00. The disclosure for this sale can be found here. Insiders sold 69,898 shares of company stock worth $968,272 over the last ninety days. 0.43% of the stock is owned by corporate insiders.

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About Cypress Semiconductor

Cypress Semiconductor Corporation designs, develops, manufactures, markets, and sells embedded system solutions worldwide. It operates in two segments, Microcontroller and Connectivity Division, and Memory Products Division. The Microcontroller and Connectivity Division provides microcontroller (MCU), analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip and general-purpose MCUs; ARM Cortex-M4, -M3, and -M0+ MCUs; R4 CPUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreens; Wi-Fi, Bluetooth, Bluetooth low energy, and ZigBee solutions; WICED development platform; and USB controllers comprising solutions for the USB-C and USB power delivery standards, as well as wireless Internet of things connectivity solutions.

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Institutional Ownership by Quarter for Cypress Semiconductor (NASDAQ:CY)

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